Press Releases & Statements

Waters Sends Letter to Energy Secretary Condemning Redlining Comments, Pushing Back Against Preferential Treatment for Oil and Gas Sector

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, sent a letter to Energy Secretary Dan Brouillette regarding comments he made inappropriately comparing decisions by commercial banks not to finance drilling in the Arctic National Wildlife Refuge to redlining. The letter also addresses Brouillette’s assertion that the Trump Administration is working... Read more »

Waters and Green Request Inspector General Investigation into HUD’s Exclusion of DACA Recipients from FHA Loans

| Posted in Press Releases
Tags: FHA, HUD

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, and Congressman Al Green (D-TX), Chair of the Subcommittee on Oversight and Investigations, sent a letter to Rae Oliver Davis, Inspector General for the U.S. Department of Housing and Urban Development (HUD), requesting an investigation into HUD’s decision to exclude Deferred Action for Childhood Ar... Read more »

Waters Announces Addition to the June Committee Calendar

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced the following addition to the June Committee calendar: June 30 at 12:30 PM: The full Committee will hold a hearing entitled, “Oversight of the Treasury Department’s and Federal Reserve’s Pandemic Response.” This hearing will convene in a “hybrid” format, which provides for remote Member pa... Read more »

Waters, Neal, and Velázquez Reiterate Demand for Full PPP Transparency

| Posted in Press Releases

Today, Financial Services Committee Chairwoman Maxine Waters (D-CA), Ways and Means Committee Chairman Richard E. Neal (D-MA), and Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) issued the following statement after the Department of Treasury (Treasury) and the Small Business Administration (SBA) announced they would disclose certain information regarding Paycheck Protection Program ... Read more »

Waters Announces Updates to June Committee Schedule

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services announced the following updates to the June Committee schedule: NEW FORMAT: June 25 at 12:00 PM – The Subcommittee on Investor Protection, Entrepreneurship, and Capital Markets hearing entitled, “Capital Markets and Emergency Lending in the COVID-19 Era,” will convene in a “hybrid” format, which prov... Read more »

Waters at Hearing with Fed Chair: Communities of Color Suffering Disproportionately During Pandemic Crisis

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, made the following opening statement at today’s hearing, “Monetary Policy and the State of the Economy.” Chair Powell, the law that required the Federal Reserve Chair to testify before Congress twice each year was established in 1978. However, no Fed Chair has ever testified before this Committee wi... Read more »

Following the Trump Administration’s Refusal to Release Names of PPP Loan Recipients, Waters, Neal, and Velázquez Demand Transparency: “Taxpayers Have a Right to Know How Their Money Was Spent”

| Posted in Press Releases

On the heels of the Trump Administration’s decision not to release the names of companies that received funding through the Paycheck Protection Program (PPP), Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, Congressman Richard E. Neal (D-MA), Chairman of the House Committee on Ways and Means, and Congresswoman Nydia M. Velázquez (D-NY), Chairwoman of th... Read more »

As Americans Continue to Struggle to Pay Rent During Pandemic Crisis, Waters and Heck Continues to Push for Emergency Rental Assistance

| Posted in Press Releases
Tags: COVID-19

Following the release of data on the number of American renters who were unable to pay rent for the month of June, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, and Congressman Denny Heck (D-WA) issued the following statement. “It is very clear that Congress must take immediate action to prevent an impending eviction crisis. Analysis released by Apart... Read more »

Waters and Meeks Introduce Congressional Review Act Resolution to Reverse Harmful Rule to Weaken the Community Reinvestment Act

| Posted in Press Releases
Tags: OCC, FDIC

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, and Congressman Gregory Meeks (D-NY), Chair of the Subcommittee on Consumer Protection and Financial Institutions, introduced a Congressional Review Act resolution to reverse the harmful Community Reinvestment Act (CRA) rule recently finalized by the Office of the Comptroller of the Currency. Chairwoma... Read more »

Waters Blasts Acting Comptroller Brooks’ Letter Pressuring State and Local Governments to End Measures to Combat COVID-19

| Posted in Press Releases
Tags: OCC, COVID-19

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, made the following statement regarding a letter that Acting Comptroller of the Currency Brian Brooks sent to the National League of Cities, the U.S. Conference of Mayors, and the National Association of Governors regarding efforts to combat COVID-19. “With this inappropriate letter pressuring city a... Read more »

Waters Statement on OCC Rule on Interest on Transferred Loans

| Posted in Press Releases
Tags: OCC, COVID-19

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, issued the following statement regarding the Office of the Comptroller’s issuance of a final rule on interest rates on transferred loans: “It is shameful that on his first day on the job, new Acting Comptroller Brian Brooks is already following in Comptroller Otting’s footsteps in working to undermi... Read more »

Waters Statement on Treasury and SBA Setting Aside $10 Billion for CDFIs for Paycheck Protection Program

| Posted in Press Releases
Tags: COVID-19

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, made the following statement regarding the U.S. Department of the Treasury’s and Small Business Administration’s (SBA) announcement that it is setting aside $10 billion in Paycheck Protection Program (PPP) funds to be distributed by Community Development Financial Institutions (CDFIs). “I am very pleas... Read more »

Waters Announces Virtual Hearings in June

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced the following virtual hearings in the month of June: June 3 at 12:00 PM – The Subcommittee on Consumer Protection and Financial Institutions will convene for a hearing entitled, “Promoting Inclusive Lending During the Pandemic: Community Development Financial Institutions and Minority Depo... Read more »

Committee Holds Bipartisan Virtual Roundtable with Cybersecurity Experts

| Posted in Press Releases

Today, the Subcommittee on National Security, International Development, and Monetary Policy held a virtual roundtable with cybersecurity experts entitled, “Understanding the Cyber Threats and Actors Exploiting the COVID-19 Crisis." The virtual roundtable panelists included: Mr. Tom Kellermann, Head of Cybersecurity Strategy, VMware Mr. Guillermo Christensen, Partner, Data Security and Privacy Pra... Read more »

Committee to Hold Bipartisan Virtual Roundtable with CyberSecurity Experts

| Posted in Press Releases

Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced that today, May 28, the Subcommittee on National Security, International Development and Monetary Policy Chairman Emanuel Cleaver (D-MO) and Ranking Member French Hill (R-AR) will host a virtual roundtable entitled, “Understanding the Cyber Threats and Actors Exploiting the COVID-19 Crisis,” with... Read more »

Committee Holds Bipartisan Virtual Roundtable on Impact of COVID-19 on Capital Markets

| Posted in Press Releases

Today the Subcommittee on Investor Protection, Entrepreneurship, and Capital Markets held a virtual roundtable with capital market experts entitled, “Examining the Impacts of the COVID-19 Pandemic on U.S. Capital Markets." The virtual roundtable panelists included: Christopher Gerold, President, North American Securities Administrators Association and Bureau Chief of the New Jersey Bureau of Secur... Read more »

Committee to Hold Bipartisan Virtual Roundtable on Impact of COVID-19 on Capital Markets

| Posted in Press Releases

Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced that today, May 26, Subcommittee on Investor Protection and Capital Markets Chairman Brad Sherman (D-CA) and Ranking Member Bill Huizenga (R-MI) will host a virtual roundtable entitled, “Examining the Impacts of the COVID-19 Pandemic on U.S. Capital Markets,” with the following panelists: Christo... Read more »

Committee Holds Bipartisan Virtual Roundtable on Impact of COVID-19 on Housing Markets

| Posted in Press Releases
Tags: COVID-19

Yesterday, the Subcommittee on Housing, Community Development, and Insurance Subcommittee held a virtual roundtable entitled, “Reviewing the Impact of the COVID-19 Pandemic on U.S. Housing Markets.” The panelists for the virtual roundtable included: Diane Yentel, President and CEO, National Low Income Housing Coalition Kristy W. Fercho, Vice Chairman, Mortgage Bankers Association Jenny Schuetz, Me... Read more »

Committee to Hold Bipartisan Virtual Roundtable on Impact of COVID-19 on Housing Markets

| Posted in Press Releases

Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced that today, Friday, May 22, Housing, Community Development, and Insurance Subcommittee Chairman Wm. Lacy Clay (D-MO) and Ranking Member Steve Stivers (R-OH) will host a virtual roundtable entitled, “Reviewing the Impact of the COVID-19 Pandemic on U.S. Housing Markets.” The panelists for the virt... Read more »

Waters Blasts Otting’s Departing Act to Weaken CRA During COVID-19 Pandemic

| Posted in Press Releases
Tags: OCC, COVID-19

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, made the following statement in response to the Office of the Comptroller of the Currency’s (OCC) issuance of a final rule weakening the implementation of the Community Reinvestment Act (CRA): “It is simply outrageous that in the midst of the Coronavirus pandemic and on his way out the door, Comptrolle... Read more »

In Letter to Fed and Treasury, Waters Presses for Emergency Lending Programs Not to Support Predatory Lenders

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, sent a letter to Jerome Powell, Chair of the Board of Governors of the Federal Reserve System, and Steven Mnuchin, Secretary of the U.S. Department of the Treasury, following up on conversations to ensure that the Federal Reserve and Treasury programs and facilities to respond to the COVID-19 crisis... Read more »

Waters Urges Congress to Pass Heroes Act: It’s Time to “Put up or Shut up”

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following floor statement in support of the Heroes Act (H.R. 6800). Mr. Speaker, I rise in strong support of H.R. 6800, the Heroes Act. This legislation includes a number of important proposals from the Members of the Financial Services Committee, and builds upon my proposal for more direct... Read more »

The Heroes Act: Financial Services Committee Fact Sheets

| Posted in Press Releases

Today, the U.S. House of Representatives will vote on the Heroes Act, legislation to respond to the COVID-19 pandemic crisis. The Heroes Act includes numerous provisions proposed by Members of the Financial Services Committee. See here for a one-pager on the Financial Services Committee provisions in the Heroes Act. See here for one-pagers on how the Heroes Act: Supports renters and the rental hou... Read more »

Committee Holds Bipartisan Virtual Roundtable with Prudential Regulators

| Posted in Press Releases

Yesterday, the Consumer Protection and Financial Institutions Subcommittee held a virtual roundtable with prudential regulators entitled, “Update from Prudential Regulators.” The virtual roundtable panelists included: The Honorable Rodney Hood, Chairman, National Credit Union Administration The Honorable Jelena McWilliams, Chairman, Federal Deposit Insurance Corporation The Honorable Joseph Otting... Read more »

Waters Statement on Oral Arguments Before Supreme Court on Trump v. Deutsche Bank AG

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, made the following statement following oral arguments before the U.S. Supreme Court regarding Trump v. Deutsche Bank AG, on whether Congress has the authority to subpoena the President’s financial records. “I am pleased that the Court has taken the historic step of convening virtually and livestream... Read more »



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